Bergesen Worldwide Offshore Limited to be listed on Oslo Børs
The Board of Oslo Børs resolved to admit shares in Bergesen Worldwide Offshore Limited to listing on the SMB List of Oslo Børs.
The Board agreed to exempt the company from the requirement that a listed company must have been in existence for at least three years and have carried out the major part of its business for at least three years, cf. Section 2-1 of the Stock Exchange Regulations.
This exemption was granted because analysis of the company is very largely dependent on factors that are available to the market in other ways, and the market therefore has access to sufficient information to reach an informed opinion on the company. Based on an overall evaluation, Oslo Børs has concluded that an exemption from the requirement for the company to have been existence and carried out the major part of its business for at least three years is in the interests of investors and the public.
The company must publish a prospectus approved by Oslo Børs prior to the first day of listing.
The Board authorised the President of Oslo Børs to fix the date of the first day of listing, which is to be no later than 13 July 2006.
About Bergesen Worldwide Offshore
BW Offshore is a leading provider of oil and gas FPSOs (Floating Production, Storage and Offloading units). BW Offshore's portfolio consists of five oil and gas FPSOs (including projects under conversion), one Arctic FSO (Floating Storage and Offloading unit), and two conversion candidates (one ULCC and one suezmax). The company has units operating in Nigeria, Mauritania, Equatorial Guinea, and Russia, and one unit will start operation in Mexico in 2007. Furthermore, the company has a strategic cooperation with MISC (Malaysia International Shipping Corp) in Malaysia. The management office is in Oslo, Norway.
Odfjell Invest Ltd to be listed on Oslo Børs
The Board of Oslo Børs resolved to admit shares in Odfjell Invest Ltd to listing on the SMB List of Oslo Børs.
The Board agreed to exempt the company from the requirement that a listed company must have been in existence for at least three years and have carried out the major part of its business for at least three years, cf. Section 2-1 of the Stock Exchange Regulations.
This exemption was granted because analysis of the company is very largely dependent on factors that are available to the market in other ways, and the market therefore has access to sufficient information to reach an informed opinion on the company. Based on an overall evaluation, Oslo Børs has concluded that an exemption from the requirement for the company to have been existence and carried out the major part of its business for at least three years is in the interests of investors and the public.
Prior to the first day of listing, the company must publish a prospectus approved by Oslo Børs, publish a statement on the independence of its board of directors in accordance with Section 2.3.4 of the Stock Exchange Listing Rules and enter into a management companies agreement with Oslo Børs, cf. Section 2-6 of the Stock Exchange Regulations.
Furthermore the listing is conditional upon the company electing one further board member independent of the company’s main shareholder, executive management and material business contacts, as soon as possible and within three months after the first day of trading at the latest.
The Board authorised the President of Oslo Børs to fix the date of the first day of listing, which is to be no later than 13 July 2006.
About Odfjell Invest
Odfjell Invest Ltd. was incorporated in January 2006 and is registered in Bermuda. The company’s objective is to become a leading supplier of high quality and cost-efficient harsh environment deep water semi-submersible drilling and service units to the offshore oil and gas industry. Odfjell Invest Ltd. has one flexible sixth generation GVA7500 design harsh environment ultra-deep water semi-submersible under construction at Daewoo Shipbuilding and Marine Engineering in Korea, with delivery in October 2008. The company has option to build one additional rig. Odfjell Drilling is responsible for the management and operations of the company and also undertakes project management during the construction period.
Elixia Nordic ASA to be listed on Oslo Børs
The Board of Oslo Børs resolved to admit shares in Elixia Nordic ASA to listing on the Main List of Oslo Børs, or alternatively to the SMB List.
The Board stipulated that prior to the first day of listing the company must raise a minimum of NOK 126 million of capital through its planned share issue. The company must also meet the requirements, either for the Main List or the SMB List as appropriate, for the minimum number of holders of at least one round lot of its shares. Admission to listing is also conditional on at least 25% of the shares to be listed being held by the public, cf. Section 2-1 of the Stock Exchange Regulations, and the company must publish a prospectus approved by Oslo Børs.
The Board authorised the President of Oslo Børs to decide on which List the company will be included and to fix the date of the first day of listing, which is to be no later than 13 July 2006.
About Elixia Nordic
Elixia Nordic is a leading mid-premium operator of Nordic health and fitness centres. The Company currently operates 23 centres of which 17 are located in Norway and six in Finland. The majority of the centres are located in the Oslo and Helsinki areas. In total, the Company’s centres have around 76,000 members, a growth of 12 % since year-end 2005 and 26 % since year end 2004. The growth in number of members has been driven both by growth at existing health and fitness centres as well as by the addition of new centres. The Company generated revenues of NOK 330 million in 2005, an increase of 14.4 % from 2004 and representing a compound annual growth rate since 2003 of 16 %. EBITDA in 2005 was NOK 56.3 million (margin: 17.1 %), up from NOK 41.5 million (+36 %) from 2004.
Telio Holding ASA to be listed on Oslo Børs
The Board of Oslo Børs resolved to admit shares in Telio Holding ASA to listing on Oslo Børs.
The Board agreed to exempt the company from the requirement that a listed company must have been in existence for at least three years and have carried out the major part of its business for at least three years, cf. Section 2-1 of the Stock Exchange Regulations.
The company operates in a sector that is judged to be relatively transparent, and falls short of the three-year requirement by just 31/2 months. It can therefore be expected that the market will have access to sufficient information to reach an informed opinion on the company. Based on an overall evaluation, Oslo Børs has concluded that an exemption from the requirement for the company to have been existence and carried out the major part of its business for at least three years is in the interests of investors and the public.
The Board authorised the President of Oslo Børs to decide on which List the company will be included and to fix the date of the first day of listing, which is to be no later than 13 July 2006.
About Telio Telio Holding ASA is Norway’s first and largest supplier of broadband telephony. The company has activities in Norway, Denmark, and Netherlands. Telio’s prime focus is to replace traditional telephone (PSTN) with broadband telephone (VoIP) in order to reduce the consumer’s phone bills. Telio has an advanced technological platform, and is the main player in Norway. This leading position will be further strengthened, through a convergence towards mobile communication, and an international expansion. Further, the company will pursue the aggressive growth in Norway and potential acquisitions of companies in Norway and internationally.